<ul data-eligibleForWebStory="false"><li>The average money market rate is currently at 0.53%, with the highest rate today at 4.5%.</li><li>Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions that allow deposits, earn interest, and provide withdrawal flexibility.</li><li>MMAs typically offer higher interest rates than traditional savings accounts, along with features such as debit cards and check-writing capabilities.</li><li>MMAs at banks are insured by the FDIC, while those at credit unions are insured by the NCUA, both providing up to $250,000 coverage per account type.</li><li>It's recommended to compare different MMAs from various institutions based on interest rates, minimum balance requirements, fees, and withdrawal limits before opening an account.</li></ul>

Money Market Interest Rates Today: July 8, 2025 – Earn Up To 4.5%

Discover more